Question
Please explain answer. The following information is available for Hunters Jewelry and Gift Store: Net income $ 5,000 Depreciation Expense $ 2,500 Increase in deferred
Please explain answer.
The following information is available for Hunters Jewelry and Gift Store:
Net income | $ 5,000 |
Depreciation Expense | $ 2,500 |
Increase in deferred tax liabilities | $ 500 |
Decrease in accounts receivable | $ 2,000 |
Increase in inventories | $ 9,000 |
Decrease in accounts payable | $ 5,000 |
Increase in accrued liabilities | $ 1,000 |
Increase in property and equipment | $ 14,000 |
Increase in short-term notes payable | $ 19,000 |
Decrease in long-term bonds payable | $ 4,000 |
1. What is net cash flow from operating activities?
a. ($3,000)
b. ($1,000)
c. $5,000
d. $13,000
2. What is the net cash flow from investing activities?
a. $14,000
b. ($14,000)
c. $21,000
d. ($16,000)
3. What is the net cash flow from financing activities?
a. $15,000
b. ($15,000)
c. $17,000
d. ($14,000)
4. What is the change in the cash?
a. ($3,000)
b. $3,000
c. $2,000
d. ($2,000)
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